The best way to file Canadian tex return WHEN ALREADY FILED IN USA -
--------------------------------------------------------------------My_question_is: Applicable to both US and Canada Subject: The best way to file Canadian tex return Expert: [email protected] Date: Wednesday January 09, 2008 Time: 12:09 AM -0000 QUESTION: My all 2006 income was from my current US employer. I am a Canadian with US working visa and my employer does not have Canada office ,so I was sent back to Canada to do a project in the whole 2006 year. my famiy(wife and 1 disabled kid) was also in Canada. I filed a 1040 form to IRS for 2006 tax, but I do not know how to file to Canada CRA,I purchased a quicktax software and caculate the amount I should pay to CRA and found there's lots of money I own Canada.can you give me the approximate money I should pay to Canada and the service fee you need for my case ? I can give you more info if you accpet me as your client and give me a quotation then I can send checks to you. Thank you.
david ingram replies:
I think you are also the person who phoned and asked this and i said 'jokingly' you should shoot the payroll department at your company.
Under the circumstances described, you did not owe any tax whatsoever to the USA. your only tax liability was to Canada.
However, i will bet that the employer also deducted Medicare and Social Security from you as well.
What should happen, is that your employer should reverse it all and you should get all your money for Social Security and Medicare and income tax to the USA back. You were not taxable in the US under Article IV of the US / Canada Income Tax Convention (Treaty) and as an employee in Canda you were not supposed to pay into the US social Securioty System under the terms of the Canada US Social Security Totalization Agreement.
You should then file a Canadian return and pay Canada the money for CPP and income tax. At this point, because you are so late you will owe a 20% penalty to Canada for late filing and interest.
Most people in your situation would file a Canadian return and claim the US tax, any state tax and FICA and Medicare as a foreign tax credit on your Canadian return on lines 431 and 433 of Schedule 1 and the corresponding lines of the 428 form for your province.
This would save you the most interest and penalties from Canada but would not be correct if you did all the work in Canada.
In general, I quote $900 to $2,900 to look after US/Canada Income tax problems - In your case, there is no doubt in my mind that your employer should pay my fee and any interest and penalties you incurr straightening it out because the error is clearly theirs.
and of course, I would be happy to look after you.
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On December 25, 2007, David Ingram
wrote:
It is very unlikely that blind or unexpected email to me will be answered. I receive anywhere from 100 to 700 unsolicited emails a day and usually answer anywhere from 2 to 20 if they are not from existing clients. Existing clients are advised to put their 'name and PAYING CUSTOMER' in the subject line and get answered first. I also refuse to be a slave to email and do not look at it every day and have never ever looked at it when I am out of town. e bankruptcy expert US Canada Canadian American Mexican Income Tax service and help
However, I regularly search for the words"PAYING CUSTOMER" and
always answer them first if they did not get spammed out. For the last two
weeks, I have just found out that my own email notes to myself have been spammed
out and as an example, as I write this on Dec 25, 2007 since June 16th, my
'spammed out' box has 47,941 unread messages, my deleted box has 16645 I have
actually looked at and deleted and I have actually answered 1234 email questions
for clients and strangers without sending a bill. I have also put aside
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$1,700 would be for two people with income from two countries
Catch - up returns for the US where we use the Canadian return as a guide for seven years at a time will be $150 to $500.00 per year depending upon numbers of bank accounts, RRSP's, existence of rental houses, self employment, etc.
Just a guideline not etched in stone.
David Ingram expert income tax service and immigration help and preparation of US Canada Mexico non-resident and cross border returns with rental dividend wages self-employed and royalty foreign tax credits family estate trust trusts income tax convention treaty advice on bankruptcy
It is very unlikely that blind or unexpected email to me will be answered. I receive anywhere from 100 to 700 unsolicited emails a day and usually answer anywhere from 2 to 20 if they are not from existing clients. Existing clients are advised to put their 'name and PAYING CUSTOMER' in the subject line and get answered first. I also refuse to be a slave to email and do not look at it every day and have never ever looked at it when I am out of town. e bankruptcy expert US Canada Canadian American Mexican Income Tax service and help
Therefore, if an email is not answered in 24 to 36 hours,
it is likely lost in space. You can try and
resend it but if important AND YOU TRULY WANT OR NEED AN ANSWER from 'me', you
will have to phone to make an appointment. Gillian Bryan generally accepts
appointment requests for me between 10:30 AM and 4:00 PM Monday to Friday
VANCOUVER (Seattle, Portland, Los Angeles) time at (604) 980-0321.
david ingram
expert US Canada Canadian American Mexican Income Tax
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david ingram's US / Canada Services
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My Home office is at:
david ingram's US / Canada Services
US / Canada / Mexico tax, Immigration and working Visa Specialists
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My Home office is at:
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Cell (604) 657-8451 -
(604) 980-0321 Fax (604) 980-0325
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Cell (604) 657-8451 -
(604) 980-0321 Fax (604) 980-0325
Calls welcomed from 10 AM to 9 PM 7 days a week Vancouver (LA) time - (please do not fax or phone outside of those hours as this is a home office) expert US Canada Canadian American Mexican Income Tax service help.
Disclaimer: This question has been answered without detailed
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David Ingram gives expert income
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Phone consultations are $400 for 15
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This is not intended to be definitive but in
general I am quoting $900 to $2,900 for a dual country tax
return.
$900 would be one T4 slip one W2 slip one or two
interest slips and you lived in one country only (but were filing both
countries) - no self employment or rentals or capital gains - you did not move
into or out of the country in this year.
$1,100 would be the same with one rental
$1,300 would be the same with one business no
rental
$1,300 would be the minimum with a move in or out
of the country. These are complicated because of the back and forth foreign tax
credits. - The IRS says a foreign tax credit takes 1 hour and 53
minutes.
$1,600 would be the minimum with a rental or two in
the country you do not live in or a rental and a business and foreign tax
credits no move in or out
$1,700 would be for two people with income from two countries
$2,900 would be all of the above and you moved in
and out of the country.
This is just a guideline for US / Canadian
returns
We will still prepare Canadian only (lives in
Canada, no US connection period) with two or three slips and no capital
gains, etc. for $200.00 up.
With a Rental for $400, two or three rentals for
$550 to $700 (i.e. $150 per rental) First year Rental - plus
$250.
A Business for $400 - Rental and business likely
$550 to $700
And an American only (lives in the US with no
Canadian income or filing period) with about the same things in the same range
with a little bit more if there is a state return.
Moving in or out of the country or part year
earnings in the US will ALWAYS be $900 and up.
TDF 90-22.1 forms are $50 for the first and $25.00
each after that when part of a tax return.
8891 forms are generally $50.00 to $100.00
each.
18 RRSPs would be $900.00 - (maybe amalgamate a
couple)
Capital gains *sales) are likely $50.00 for
the first and $20.00 each after that.
Catch - up returns for the US where we use the Canadian return as a guide for seven years at a time will be $150 to $500.00 per year depending upon numbers of bank accounts, RRSP's, existence of rental houses, self employment, etc.
Just a guideline not etched in stone.
This from "ask an income trusts tax service and immigration
expert" from www.centa.com or www.jurock.com or www.featureweb.com. David Ingram deals on a daily
basis with expatriate tax returns with multi jurisdictional cross and
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